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>>> the cabinet reshuffle continues, and next in the hot seat, jack lew. it is wednesday, january 9th, and this is "now." >>> joining me today, "rolling stones" eric bates, heather mcgee, former traveling press secretary for the obama campaign jen psaki, and the effortlessly elegant msnbc contributor jonathan capehart of "the washington post." at a time of great fiscal uncertainty and belt tightening, president obama is poised to nominate as the next treasury secretary a man who brings his lunch to work every day, a cheese sandwich and apple to be precise, president obama will reportedly tap jack lew tomorrow to replace timothy geithner. lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomi
have had the national security members of the team named in the last few days but now jack lew will be named, we expect tomorrow, to replace tim geithner who has been wanting to leave for some time. here is what president obama gets, someone with vast experience in handling capitol hill and dealing with budget negotiations. he's been a part of almost lever r every big budget negotiation the last couple of decades. secondly, someone who will remain part of his inner circle and genial personality. what he doesn't get is the experience tim geithner brought, years of financial regulation. tim geithner headed the bank of new york. he doesn't have the ties to wall street that a wall street executive might provide. jack lew did work at citigroup briefly, but he doesn't have deep ties there. this is a government person, but the president decided that that's what he needs in a time when he will have a pro trektive fight with republicans over spending cuts, over the budget, over the debt ceiling. this is where jack lew's experience and knowledge can come in and i would expect, sue, and t
invitation to the media. melissa: i didn't get one. what are we talking about? who is jack lew? an inside look at the man poised to take over as treasury secretary. ♪ . ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. lori: here's your fox business brief. snapping a two-day losing streak stocks continue their upward trend as fourth quarter earnings season gets off to a strong start with alcoa last night. right now the dow is up 61 points. >>> billionaire leon black apparently sweet on hostess. "new york post" says the head of private equity firm apollo global management teaming up with a met
to nominate jack lew to be the treasuresy secretary. joining us to discuss this are familiar faces. karl rove from texas. and joe trippi in washington. thank you for being here. i want to break down battles one-by-one. the first one getting attention is chuck hagel for defense secretary. how big of a bat doll you think this is. where do you think it will play out? >> this is the biggest of the five nomination fights we know about. maybe a vote against hagel. few republicans, none come to his defense. few republicans might vote for him. he has a contentious personal background. hard, acerbic and hard to work with. more important than that is the record on the issues. opposed to iranian sanctions. he opposed the iraq surge. defended dialogue with hamas. refused to join in a letter calling on e.u. to condemn hezbollah. he had a pejorative comment to jewish lobby. he has taken stances that indicateed he is less than supportive of the relationship with israel. >> there are two key democrats that could factor in how this goes. one is new york democratic senator schumer. >> he is staying quiet on th
of staff. joining me is kristen welker. >> i can tell you that jack lew has been the leading candidate for this spot. this is someone with experience in the white house and capitol hill. he served as an aide to former house speaker tip o'neal. director of the onb twice. and of course, the chief of staff to the white house, president obama, and has helped the president navigate tough policy issues including that fight over the fiscal cliff in which president obama what many consider a fight with republicans to increasing taxes on wealthier americans. so this is someone who president obama has a very good working relationship with. and, of course, this is a key moment. it's a critical moment to take over the spot as treasury secretary. because there are three big budget matters looming. of course, they're going to have to deal with the debt ceiling, the fiscal cliff and the all in the comes months. >> kristen, we look at the optics of this, the inner circle being all white men. what is the tone in washington especially since was the obama coalition that got obama in for a second term? >>
of these markets plus a whole lot more including the imminent nomination of jack lew as treasury secretary may mean to the debt ceiling fight. we'll previau bank earnings which are about to kick o.those more than anything else could drive the markets in the coming weeks and aig will not join in former chief hank greenberg's lawsuit against the same u.s. taxpayers that bailed the company out. aig ceo bob benmoschy will be here. >> first take a look at the markets. what we're seeing is we have the markets higher though it's well off the highs. up 90 points on the dow industrials and we're up 34 points on the dow jones industrial average, 13,363 and the last trade on nasdaq has given up some of the oomph of earlier and the standard & poor's 500 has a similar chart pattern with a gain on the session of just 1.5 point, eking out positive territory. gentlemen, good to see you. thanks so much for spending the time. >> hi, maria. how are you? >> let's talk about this market because you certainly have a fair amount of issues that could seem troubling, and yet we continue to see money finding a home in equit
obama making another cabinet pick. the president will nominate white house chief of staff jack lew to replace timothy geithner as treasury secretary. tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down
tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ and save hundreds with our best offer. get an adt security system starting at just $49 installed, but for a limited time only. that's an instant savings of $250. don't leave your family's safety to chance when you can take advantage of these savings now. call or visit adt.com/tv. both: i had a break-in. man: by the time we called the police, there wasn't much they could do. i felt so helpless. adt quickly called the police. i felt like it was over right away. feels like it's still not over. we lost our digital photos, financial records, things that insurance simply can't replace. [ male announcer ] protect yourself with the fast
decided to nominate his current white house chief of staff, jack lew to secede timothy geithner. gloria, do we expect any serious opposition? >> well, there are going to be republicans who oppose him. senator sessions, the ranching republican on the budget committee came out and said he would not support jack lew. >> because? >> because of his testimony before the deficit committee and that the budget could be reduced. he said that's evidence that jack lew should not be confirmed. particularly on these fiscal matters, he did run the office of budget during the debt ceiling negotiations and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt tha
will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he has talked about as a trusted confidante, someone who has worked very hard in trying to right the ailing economy. according to this source, the president expected to nominate him to be the next treasury secretary, and that announcement expected sometime this week. >> all right. well, thank you for that, dan. and nice quick work, i might add as well. and by the way, for our audience who might not know a lot about jack lew, the white house chief of staff, there is actually a very extensive background on this man. he has been the leading contender. without further ado, have a listen to all of the things this man has done. >> reporter: jack lew is a key washington insider,
as tomorrow jack lew is going to be named treasury secretary. you got a lot of us excited because you tweeted out jack lew's signature, it's the legit signature. this is the signature that's going to be on all the u.s. currency once he takes over as they recirculate the new bills. >> that signature is more in line with him being a doctor, andrea, maybe a reporter, not a secretary of the treasury. what i would say, somebody reminded me that tim geithner changed his signature a little bit when he became treasury secretary because he's going to be on the bill. so maybe. >> let's see it again. bring that picture back, because we just showed what it would look like. that is his signature. that's jack lew. if you want to go to him -- he may be a doctor, maybe he has a ph.d. he's not a medical doctor as far as i know. it's got to be the world's worst signature, looks more like a doodle. >> i wonder how he came up with it. >> assuming that's confirmed. one more quick thing, we showed you the picture that the white house photographer took of the president and his top advisers during one of the fiscal
this -- hilda solis is resigning. this at the time that president obama has picked jack lew to replace tim geithner as treasury secretary. whoever runs the jaret -- the treasury has a critical job. so far, 2013 has been marked by fighting over the fiscal could. but americans say they are looking for solutions, decisions. we have the ceo of accounting giant duch joining me from -- deloit joining me from new york. what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said to the president is to get on to -- what i have already said to the president is to get on with solving the fiscal cliff issue. there are some big deadline's coming up in march between sequestration and the budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts with tax reform as well as immigration issues and infrastructure issues. >> i hear the same message from business people across the country. we need more certainty from washington if we're going to
, jacob "jack" lew is said to be the president's pick to replace treasury secretary timothy geithner. that nomination is expected tomorrow. should he be confirmed by the senate, one of lew's first challenges will be dealing with the rapidly approaching debt ceiling. darren gersh reports. >> reporter: assuming he wins senate confirmation, jacob "jack" lew will take over a treasury that is rapidly running out of cash. the federal government has already hit the debt ceiling. and the only way the government can pay its bills is by using accounting gimmicks to move money around. those tricks will only get the government through mid-february. at that point lew might have to take the unprecedented step of deciding he has the legal authority to pick and choose which bills the feds will pay. >> even if it were clear that the treasury secretary could do that, pick and choose, the ability, the real ability to reprogram all of the software in treasury's computers which connect to all of the computer software in the various agencies is not something that can be done in ten minutes or ten days or
about why the president would choose luke? >> well, jack lew a favorite of president obama because he has serious knowledge of the federal budgets. he has a no drama style. he has been serving this president in a very high profile capacity since president obama took office as white house chief of staff and before that as the director of the office of management and budget. lew has served as director of those two big jobs. bottom line is we are told that he is well-trusted well regarded here at the white house, shep? >> probably not a household name everywhere but well known in washington, jack lew. >> no question about that certainly with those two high profile jobs here at the obama administration over the past four years has been engaged in some tough negotiations with lawmakers on capitol hill. this photo we are showing you is from new year's eve. is he on the right wearing glasses and a blue tie. and bottom line the top republican on the senate budget committee says while he offered this prediction about the confirmation battle. >> it is a bumpy confirmation process. i think the a
is expected to announce jack lew as his choice to be the next treasury secretary. there is no word officially on the appointment yet, but sources say the president will likely nominate him as early as tomorrow. he has exper both the public and private sector and is the current white house chief of staff. >> hillary clinton is speaking out for the first time since returning to work this week. today she talked about her plans for the time she has left in office. >> i am very much looking forward to doing everything we can the last few weeks to resolve and finish up wherever possible and then to have a very smooth, seamless transition to senator kerry to continue the work. >> secretary clinton was released from a new york hospital last week after treatment for a blood clot. she suffered a concussion after a fall in early december. labor secretary hilda solis announced that she will not be staying on for another four years. she announced her resignation to president obama just this afternoon. she said she made the decision after discussing it with her family and friends. the white house released
chief of staff, jack lew, to be the new secretary of the treasury. he will be a key player in the coming battles over the budget and raising the federal debt limit. lew previously served as budget director and he was an executive with the banking giant citigroup. now, any idea what this is? you could be seeing a lot of it. it is jack lew's signature which would appear on the bills in your pocket just like that unless he takes a penmanship lesson from tim geithner whose signature looked like this until he became treasury secretary and made it legible. secretary of state hillary clinton told reporters today that she is thrilled to be back at work but she said it is better sweet because she will soon be stepping down. the secretary said she wouldn't call it retirement, just stepping off the very fast track for a little while. we'll tell you why some of baseball's biggest stars didn't make the hall of fame today. an interview on the lance armstrong investigation is making news. did the cyclist try to buy his way out of a doping investigation? and what could be the worst wildfire in the world
secretary-- his own chief of staff, jack lew. it was widely reported today that the announcement will come tomorrow. lew played a key role in the recent fiscal cliff negotiations with congress, and he previously headed the office of management and budget. if confirmed by the senate, lew would replace timothy geithner who's stepping down later this month. labor secretary hilda solis submitted her resignation today, after four years on the job. she made the decision public in an e-mail message. labor unions have praised solis for aggressively enforcing wage laws and job safety. business groups have complained she refused to take a more cooperative approach. american international group will not join a shareholder lawsuit over its federal bailout. a.i.g.'s directors said today they were legally obligated to consider taking part, but they opted against it. the company had faced mounting criticism since news of the suit broke. the 2008 rescue of a.i.g. cost $182 billion-- the largest of the financial crisis. all of it was paid back, leaving the u.s. government with a profit of $22 billion. vice
to soon name his next treasury secretary. white house chief of staff jack lew is said to be high on the list. the irs will accept 2012 tax returns starting january 30th, 8 days later than planned due to tax law changes in the fiscal cliff bill. now for an early look at how alcoa's earnings could affect today's trading. larry shover of sfg alternatives joins us. and what do you think here larry? > > yesterday's number was good. most people weren't expecting them to beat on revenue. but they beat by quite a bit. people were maybe thinking earnings per share, that could be better. but that is a good thing for the market, a good thing for the materials sector. i think it is going to give a lot of confidence going forward. > the stock market pulled back yesterday. should investors be concerned about that, or is it just one of those things that has to happen here? > > let's look at what happened. we had a gigantic rally january 2nd. right now we are just digesting and consolidating those gains. we are seeing correlations break down, which means certain groups are doing better than othe
.s. treasury secretary. jack lew has extensive public and private sector experience including budget director for presidents obama and bill clinton. he's also known for his thorough knowledge of the federal budget. an announcement is possible before the end of the week. >>> stip college of san francisco is hoping for a deadline extension to maintain its accreditation. the school has until march 15th to come up with a plan to fix financial problems. but officials say there are some issues that will require more time to work through. the school has already made several changes, including the hiring of more experienced leaders and improving its budget management. >>> today, san jose planners will decide if the location of a newly approved charter school plan fits with city goals. council members gave their approval yesterday for the rocket ship education charter element school on lick avenue. it would also provide a park and a playground for the area. some residents are opposed to the plan saying it will create traffic problems. >>> a ferry carrying hundreds of commuters crashes into a new york
. it will be interesting to see how valerie jarrett meshes with jack lew. another story we had had first here on fox business. ashley: aig. >> why did they say no to hank greenberg? there are many reasons why. i'm getting this from inside the company. they were not going to join this lawsuit earlier today. it was, it is so obvious. aig right now is applying to be about is known as a sieve if i firm. ive if i firm. system i financially important firm. systemmally important financial institution they are applying for that. guess who you don't sue. ashley: the federal government. >> this was a nonstarter from the minute they looked eight. should also point out another reason why, they have an ad campaign where they basically talk about how they're thanking the american tax pay fore --. ashley: turning around and suing the taxpayers essentially. >> those two things. systematically important issue made it dead on arrival. why are they taking it up? what they're saying internally and what they told me as we were reporting this out this morning this is perfunctory. hank greenberg is suing federal governmen
will go to the ap. >> it has been widely reported that jack lew was the president's choice for commerce secretary. -- treasury secretary. [inaudible] >> let me say two things. i do not make cabinet level presences. the president does. i will not get ahead of the president. when he is ready to make an announcement about his next treasury secretary, he will make an announcement. secondly i would say jack lew has been and continues to be an extremely valuable adviser to the president. over the quarter of a century he has been an integral part of some of the most important budgetary, financial and fiscal agreements in washington. he was there when social security was reformed, he was there when tax reform passed at the table. in the 1980's. he was the cabinet level director of omb for president clinton. when our budget was balanced for the first time in a generation. he served as deputy secretary of state. he has served as omb director, overseeing some important agreements and planning a major role in achieving them. that was for more than a year. he's been a very capable chief of staff. i
. this at the time that president obama has picked jack lew to replace tim geithner as treasury secretary. whoever runs the jaret -- the treasury has a critical job. so far 2013 has been marked by fighting over the fiscal could. but americans say they are looking for solutions decisions. we have the ceo of accounting giant duch joining me from -- deloit joining me from new york. what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said to the president is to get on to -- what i have already said to the president is to get on with solving the fiscal cliff issue. there are some big deadline's coming up in march between sequestration and the budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts with tax reform as well as immigration issues and infrastructure issues. >> i hear the same message from business people across the country. we need more certainty from washington if we're going to kick start growth in this economy. is wash
to name jack lew as treasury secretary tomorrow. we will talk about that. if you looking for bargains, target has gift wrap, and children's, and women's apparel is marked down on tuesday, and wednesday, men's apparel and health and beauty are marked down and toys. researchers say the best deals are usually at the edges of the stores not in the middle of the target store. >> possible tension between the white house and walmart over gun control. walmart is taking a pass on an invitation by the white house to sit down with biden and talk about the issue. stocks look like this, a little bit higher as we get good earnings from alcoa and the silicon valley index is just a sight bit lower. >> thank you. this we go to weather. mike? >> we will talk about what is going on, we will start with an outside shot, beautiful colors there and the fog is why we have the dense fog advisory in the east bay and north bay valley from our east bay hills camera. a beautiful picture there. live doppler 7 hd showing it is dry. the cloud cover will be thick enough to drop the showers on us in the afternoon and
vote early, vote often. >>> tomorrow president obama set to nominate jack lew to be the next treasury secretary. so far, the only huge controversy surrounding the two-time head of omb is his signature, which is compared to a 6-year-old let loose with a crayon. if lew is confirmed, that signature goes right on the money. >>> baseball fans know it well. it's the call of the bullpen and it may never be the same. t-mobile handing out samsung galaxy smartphones to major league teams to replace the handset and the cord. and since the call to the bullpen itself is sponsored these days, and seemingly everything in baseball is sponsored these days, they couldn't pass up this opportunity to step boldly into the cordless future. >>> finally, the headline on the forbes website is scary. it reads, doom'day aster aid bigger than expected. they're talking about a football-field sized astroid called 9942 opofhus, and while it will pass by tonight, when it comes back in the year 2029, it will pass so close, just over 30,000 miles, it's going to be visible in broad daylight. >>> we're back after a brea
will nominate white house chief of staff jack lew as the new treasury secretary. and his signature will appear on every bill in our wallets. but when we looked up that signature, there it is. one person described it as a slinky that lost its spring. lew says if confirmed, he'll try to improve his penmanship. >>> and, what is your monopoly identity? do you go for the dog, the hat, the thimble? today, monopoly announced they'll retire one of those tokens. and we, together, get to choose which one. so, you can vote online. the betting pros, by the way, say the wheelbarrow is the most likely to go. you can also vote for a new token, either a cat, a robot, a helicopter, a guitar or a diamond ring. i like the wheelbarrow. oh well. if you see something out there for our "instant index," be sure to tweet it to me, @dianesawyer. >>> and, coming up next here, we saw her take home gold in london. so, why was missy franklin so nervous for a high school swim meet? hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can help
it with family and close friends and president obama is expected to name white house chief of staff jack lew as treasury secretary tomorrow. >>> secretary of state hillary clinton says she is thrilled to be back on the job. clinton made her first public comments today since her health scare. she was hospitalized for several weeks for a concussion and blood clot. >> it doesn't mean she is retiring but only stepping off the fast track for a moment. >>> quite a temperature shift today. to the north, a chilly afternoon. to the south, much warmer. kammerer, what's going on out there? >> quite amazing out there, jim. some areas in the low 40s today. others in the low 60s. all depends on where you live. north and west, much colder. south and east, much warmer. all because of our frontal boundary. that front moving through the region, everybody saw at least some clouds during the day today, showers came across the region. look at these numbers, 67 around richmond, but 49 in hagerstown. a huge temperature swing and even bigger swing when you look at our immediate area. what are we seeing out there no
and was in the middle of it. taking it jack lew shows he will not focus on wall street but in the middle of more drama battles with congress why else would you pick a politician and lawyer to be in charge of the nation's finances? is keeping the wicked whether? and health care costs will skyrocket another year and why this law is making things worse in 2013. stay with us. ll purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a prince dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? i usually say that. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. ♪ gerri: well, it turns out affordable care i
president obama tapped current white house chief of staff jack lew to take the place of tim geithner, and we expect that announcement tomorrow. jay carney likely to get questions about that today at the white house briefing set to start at 2:15 eastern now, and it will be live here on c-span2 live coverage, a discussion on this year's budget battle from today's "washington journal." >> host: back at the table is the president of club for growth, talking about the republican agenda for the 113th congress. let me show our viewers the "washington times" from mondays and the headline, g.o.p. shut down and sanity jolt as a way to press need for cuts." when it comes to the next budget battles ahead, republican senators, ted cruz, and others, laying the ground work. are you part of the effort or consulting with them on this? what do you think about it? >> guest: we supported people like cruz and others champions of economic freedom in the senate and other house members. we do that because we want fiscal sanity in washington. we endorse people at the club for growth we think hold a pro-growth view,
soon to be an announcement, jack lew chief of staff to president obama will be replacing timothy geithner and today, my colleague and i were reporting on a story where wall street's pretty much fine with that although they view geithner as something of an ally and lew as something of an unknown to geithner they feel that overall policy is going to be the same. lew and geithner were pretty much toeing the same line debt ceiling and budget negotiation including the fiscal cliff that happened. >> greta: the irony of opening the door to your new office and finding an office full of manure because the other guy left is fascinating. eric, thank you. >> thanks a lot. >> greta: a video that everybody is talking about a dream wedding in a hot air balloon takes a surprising and scary turn. the bride and groom just exchanged wedding vows over the skies in san diego, and the wind began to swing it back and forth like a pendulum, force it go to crash into a fence in the neighborhood. the bride and groom are uniphased and now on their honeymoon. that's what you call a wedding video. and coming
this signature on the paper dollar. douglas dillon. now that jack lew is to succeed, the problem is this. the squirrely signature. it's going to show on the paper money if he's confirmed. offered up some comparisons to his signature. the crazy straw you get at six flags. a slip of paper you used to test out pens in office max. and a classic. the hair of peanuts character sally brown. there it is too. >>> up next, can anyone save the republican party from itself? the answer may be on the cover of the new "time" magazine. there it is. you're watching "hardball," the place for politics. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every
is going to nominate as soon as tomorrow, jack lew to be the next treasury secretary. we will update the story as we get more information. coming up at noon eastern, we will take you live to the connecticut for -- take you live to connecticut for the state of the state address. next up from new jersey, chris christie's third state of the stake, focusing largely on hurricane sandy relief and recovery efforts. it is about 45 minutes. [applause] thank you. governor. thank you. thank you very much. thank you very much. thank you. thank you. thank you all very much. thank you. thank you all very much. lt. gov.>> lieutenant governor guadagno, madam speaker, mr. president, members of the legislature, fellow new jerseyans, since george washington delivered the first state of the union in new york on this day in 1790, it has been the tradition of executive leaders to report on the condition of the nation and state at the beginning of the legislative year. so it is my honor and pleasure to give you this report on the state of our state. one year ago, we were scheduled to gather on this second
is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of financial conditions of this country and lay out a plan that can be analyzed and studied it will hold up under scrutiny. they haven't done that from the white house yet. he has had a failure to lead. speaking of the republican complaint, difficult to work with during 2011 debt ceiling debate, probably a plus for the president. i do. cheryl: probably why he did that. thank you. dennis: a billion smart phones can b
nomination of the white house chief of staff jack lew to treasury secretary shows president obama has no intention following through on cuts. here is charles krauthamer on this last night. >> he is not interested in spending cuts. he is not interested in reform. he wants to defend the entitlement state. he wants to defend obamacare. even add on to it. he calls it investments. of course normal people would call it spending. and lew is the guy you want if you want to hold the fort what i call reactionary liberalism. you have the great achievements of the last century in building an entitlement state. he is the guy who would defend the for the. martha: great achievement in building entitlement society. says charles krauthamer. we have marjorie clifton and braid blakeman. good to have you both of us with us. >> thank you. martha: here is the fight. and my question for you, brad, how specific, how should republicans handle this? how, you should they do a big p.r. campaign and say these are the specific things we want to cut, mr. the president and you give us good argument not to do it? >>
this morning bloomberg is reporting that president obama plans to nominate white house chief of staff jack lew as his next treasury secretary. he would be replacing timothy geithner who has made it clear he plans to step down by the end of january. lew twice has been the director of the office -- excuse me, the office of management and budget. did his bit on wall street as managing director of citigroup. easier to be than say apparently. if selected and confirmed lew has the task of taking on raising the debt ceiling. we're back after the break. commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? >> announcer: ladies and gentlemen, it's "the stephanie miller show." ♪ i'm walkin' on sunshine ♪ ♪ i'm walkin' on sunshine ♪
of staff jack lew to be treasury secretary. current treasury secretary timothy geither is expected to leave his position at the end of the month. the nomination could come as soon as thursday. >> the dow was just crossing the 13,400 mark and we will be back i200 and and two minutes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains ce
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